Concerns over concentration risk and a need to fast-track cashless payments had led the RBI to invite applications for a NUE to rival the NPCI, which currently delivers services like UPI-based payments.source https://economictimes.indiatimes.com/industry/banking/finance/icici-bank-axis-bank-to-co-lead-nue-with-amazon-visa-as-partners/articleshow/81783265.cms
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